Message from @Neco2040
Discord ID: 543528438200401930
the wages decrease becasuse there is an increase supply
Dude, what makes up the labour market
employers
as everything with an increased supply decreases
No
PEOPLE SEARCHING FOR WORK
or PEOPLE IN WORK
thats the labour market
The demand is the firms
the supply is the workers
working or not working
They are hired by an employer
I never said there would be a shift in demand
I said theres a shift in supply
Which is increasing
Which means lower wages
If an employer has to cut wages, then they can't afford to have those workers. More refugees doesn't mean they will have to employ more workers than they can afford
No thats not how it works
wages will fall as there is an increased demand
this is literally like saying the laws of physicis aren't a thing
You don't understand economics
It's like you completely ignore everything I say
simply put
An employer won't employ more employees than he can afford
Of course he won't
but he doesn't have to pay the employ that high as there is increased supply
so he can cut costs
it's not hard
Yes he does
Can you define a market neco?
No he doesn't
what is stopping him
explain to me what is actually stopping him?
If we have unions, and a high minimum wage, they have to pay them a decent wage
Then there will be a shortage
a shortage of demand and excess supply
which is unemployment
Unions and a decent minimum wage is stopping them
That's not true